FX.co - EUR/USD approaching support, potential bounce!

2019-07-29T04:42:06

Long-term review

EURUSD is approaching our first support where we are expecting a bounce above this level.

Entry: 1.1120

Why it's good : Horizontal swing low support

Stop Loss : 1.1062

Why it's good : 100% Fibonacci extension

Take Profit : 1.1185

Why it's good: Horizontal pullback resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension

EUR/USD approaching support, potential bounce!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ EUR/USD approaching support, potential bounce!